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Thread: USD/JPY

  1. #121
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    Lightbulb USD/JPY clings to daily gains stuffy mid-111s despite disappointing ADP data

    The number of employed in the private sector rises less than received in the U.S.
    10-year US T-bond accedes gains on the summit of 1.5% almost the hours of the day.
    US Dollar Index continues to float above 97.
    The USD/JPY pair is trading in a relatively tight range regarding Wednesday as the rising US T-bond yields offset the broad USD complaint. As of writing, the pair was going on 0.12% apropos speaking a daily basis at 111.44. Following yesterday's correctional subside, the 10-year T-sticking to submit as regards Wednesday gained traction and campaigner to its highest level by now March 22 by toting happening on an extremity of 1.5% virtually a daily basis. Although the USD/JPY pair usually shows a sure correlation as soon as the T-merger yields, the selling pressure surrounding the USD didn't manage to pay for leave to enter the pair to shove difficult. Nevertheless, the bigger sentiment made it hard for the JPY to accumulate strength adjoining its peers.

    The US Dollar Index, which modern to a multi-week high of 97.52 subsequently than the suggestion to Tuesday, reversed its course today once the greenback struggling to regard as the brute request in the risk-certain setting. The data published by the ADP earlier today revealed that the employment in the private sector increased 129K in March and fell rushed of the vent expectation of 170K. While investors are waiting for the ISM's and the IHS Markit's Services PMI data, the DXY is losing 0.22% vis--vis the daylight at 97.10.

  2. #122
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    Post USD/JPY fades a knee-jerk bullish spike to 112.00 mark

    US GDP accrual stood at 3.2% annualized pace during the first quarter of 2019.
    The USD bulls seemed unimpressed as the calculation together was led by unsustainable factors.
    Also, weaker price data/intraday slide in the US accord yields prompt some well-ventilated selling.


    The USD/JPY pair faded a knee-jerk bullish spike to levels just above the 112.00 handle and might now be headed gain towards the degrade halt of its daily trading range count-US GDP financial credit.

    The pair did profit a juvenile person lift and built concerning speaking its intraday steady climb after the relieve US GDP report showed that the US economic lump stood at 3.2% annualized pace during the first quarter of 2019. The uptick, however, turned out to be sudden-lived, rather met since some fresh supply after the details revealed that a major part of the accrual was primarily led by unsustainable factors - inventory buildup and viewpoint spending.

    Adding to this, core PCE fell on the summit of confirmed to 1.3% during the reported era, from 1.8% in the fourth quarter, though the GDP price index came in at 0.9% vs. 1.7% in the previous quarter and 1.3% traditional. Weaker price data triggered a brilliant intraday slide in the US Treasury hold yields, which eventually exerted some downward pressure going roughly for the US Dollar and prompted some fresh selling vis--vis the major.

    Meanwhile, the latest optimism more than a feasible US-China trade contract was irregularly fueled by the news that Chinese President Xi Jinping could meet the US President Donald Trump and sign a trade contract as very old as of June, should both the leaders finalize a friendship to subside the trade skirmish. The certain trade-connected enlarge on might continue to dent the Japanese Yen's relative safe-waterfront status and in the by now occurring limit added downside.

    The pair, hence far away, has managed to child support its neck above two-week lows set in the previous session and so, it would be prudent to wait for a hermetically sealed follow-through selling in the past traders begin positioning for any abnormal close-term depreciating impinge on as the focus now shifts to neighboring-door week's key issue risk - the latest FOMC monetary policy update, scheduled to be announced upon Wednesday.

  3. #123
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    Lightbulb Japanese yen gains field, investors eye FOMC rate avowal

    USD/JPY continues to lose sports ground this week. In Wednesdays North American session, the pair is trading at 111.16, down 0.24% on the subject of the daylight. On the forgive front, there are no Japanese happenings this week, consequently, U.S. indicators will have a magnified effect approaching the meting out of the pair. In the U.S., it was impure daylight. ADP nonfarm payrolls soared to 275 thousand, crushing the estimate of 181 thousand. Will the ascribed nonfarm payrolls follow warfare on Friday? ISM Manufacturing PMI slowed to 52.8, shy of the estimate of 55.0 points. Later, the FOMC will set the monthly benchmark rate and reprieve a rate publication. On Thursday, the U.S. posts unemployment claims.

    After an argumentative stance in 2018, the Federal Reserve has become dovish, reflecting a slower U.S. economy. The Fed is projected to stay up on the sidelines and call off rates at a range in the middle of 2.25-2.50 percent. The Fed hasn't raised rates by now December and has signaled that it could provoke cold rates until an adjacent year. The most recent inflation numbers will reinforce that stance, as the Fed intention of 2.0% remains elusive. The Core PCE Price Index, which is the Federal Reserves preferred gauge for inflation, came in at 0.0% in March and 0.1% in February (the two deeds were released upon Tuesday due to the handing out shutdown earlier this year). On an annualized basis, the indicator gained 1.6%, just shy of the estimate of 1.7%. GDP and consumer spending are looking insipid sore, but nonetheless, there is no grief-stricken of the economy overheating, so the Fed can afford to depart rates at the current level for the oppressive well along.

  4. #124
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    USD/JPY Yen improves to 5-week high as Trump talks tough in marginal note to China

    USD/JPY has continued where it left off around Friday, as the pair as a drifting auditorium on the order of Monday. In the North American session, the pair is trading at 110.87, then to 0.20% going on for speaking the daylight. Earlier in the hours of hours of daylight, the pair touched a low of 110.28, its lowest level back March 28. Its a bashful begin to the week in the region of the nitty-gritty stomach. There are no data releases in the U.S. In Japan, Final Manufacturing PMI is customary to expansion to 49.5. On Tuesday, the U.S. releases JOLTS Job Openings and the BoJ releases the minutes of its March meeting.

    President Trump sent the equity markets hastily lower upon Monday, after threatening to raise tariffs upon $200 billion worth of Chinese goods as in the future as of Friday, from 10% to 25%. Trump sounded nonchalant more or less the trade talks, the proverb that even if a saintly associate wasn't reached, the U.S. would gain from the trouble ahead tariffs. This has boosted the yen, as keyed happening investors plan safe-dock assets such as the yen. China has threatened to cancel the talks, thus traders should be prepared for some swings in the currency markets in the coming days.

    On Friday, the focus was upon U.S. employment data in April. The numbers were infected, as nonfarm payrolls were sealed, but wage enhancement remained soft. Average Hourly Earnings edged occurring to 0.2%, taking place from 0.1%. However, this missed the estimate of 0.3%. Nonfarm payrolls sparkled, climbing to 263 thousand, going on from 196 thousand a month earlier. The reading easily annoyance a forecast of 181 thousand. The unemployment rate dipped to 3.6% in April, besides from 3.8% a month earlier. This marked the lowest unemployment rate in front of 1969.

  5. #125
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    USD/JPY is a propos unchanged on Wednesday. In the North American session, the pair is trading at 109.57, the length of 0.03% regarding the day. There are no major Japanese activities. In the U.S., retail sales and core retail sales both missed expectations. On Thursday, the U.S. releases three key indicators building permits, unemployment claims.

  6. #126
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    Cool USD/JPY Japanese yen slips as the U.S. de-escalates trade shakeup flames

    USD/JPY was flat at the begin of the week but has posted considerable gains in the region of Tuesday. In the North American session, the pair is trading at 110.58, in the works 0.47% in the region of the morning. There are no major engross in the U.S. or Japan. In the U.S., existing in flames sales dipped to 5.19 million, the length of from 5.19 million a month earlier. This was ably off the estimate of 5.35 million. In Japan, Core Machinery Orders posted an excellent realize of 1.8% in February, but is customary to slow to 0.0% in March. Japan trade deficit is intended to narrow to JPY 12 trillion in April, compared to JPY 18 trillion in March.

    Trade tensions amid the U.S. and China have escalated in recent weeks, causing hermetically sealed volatility upon global equity markets. This has moreover affected the group of the Japanese yen, which is a safe-quay asset. It has been a story of two Mays for the Japanese currency. The yen posted sound gains in the first half of the month but has reversed directions and unmovable taking place much of those gains. With the equity markets continuing to lawsuit sealed swings and risk appetite unsteady, traders should be prepared for more volatility from USD/JPY.

    Huawei, the Chinese telecom giant, has been the focus of the U.S.-China trade spat. On Friday, the Trump administration had announced it was imposing trade sanctions upon the Chinese telecom giant Huawei, a touch which sent buildup markets reeling upon Monday. However, the U.S. Commerce Department has taken a step minister to, an axiom that it will find the pension for 3-month exemptions to U.S. companies that sell to Huawei. The tussle on the peak of Huawei has exacerbated the trade conflict together along together next to the two economic giants, and risk appetite will remain soft until the sides resume negotiations.

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